Apple Saw Double Digit Growth in iPhone Upgraders and Switchers in Q3 2021
Apple experienced "strong double digit growth" in the number of iPhone users who were upgrading an older device or swapping to an iPhone from an Android device, Apple CEO Tim Cook said during today's earnings call covering the third fiscal quarter of 2021.
Cook said that it was the largest upgrade quarter for Q3 ever, and that the iPhone 12 upgrade cycle on the whole was "very strong." Sales of the iPhone 12 Pro and the iPhone 12 Pro Max were "particularly strong."
Going forward, Cook said that Apple feels "really good" about the future of the iPhone because 5G penetration remains "very low" and there's a lot of opportunity for sales growth in the 5G market. "We're in the very early innings of 5G," Cook said. "There are only a couple countries that are in the double digits."
The high number of new iPhone users and iPhone users upgrading to new models drove record sales momentum, with the iPhone ultimately bringing in $39.6 billion during the quarter.
Popular Stories
Apple today announced financial results for the second fiscal quarter of 2026, which corresponds to the first calendar quarter of the year.
For the quarter, Apple posted revenue of $111.2 billion and net quarterly profit of $29.6 billion, or $2.01 per diluted share, compared to revenue of $95.4 billion and net quarterly profit of $24.8 billion, or $1.65 per diluted share, in the year-ago...
Apple's iPhone 17 models are its most popular iPhones to date, Apple CFO Kevan Parekh told the Financial Times. Both Parekh and Apple CEO Tim Cook attributed Apple's stellar Q2 2026 performance to iPhone sales.
"The iPhone 17 family is now the most popular line-up in our history... we believe we gained market share during the quarter," said Parekh. Cook told Reuters that iPhone demand was...
Apple is expected to unveil iOS 27 during its WWDC 2026 keynote on June 8, and there are already many rumored features and changes for iPhones.
The first developer beta of iOS 27 will likely be available immediately following the keynote, and a public beta typically follows in July. Following beta testing, the software update should be released to all users with a compatible iPhone in...
